Guangdong Xinbao Electrical Appliances Holdings Co Ltd (002705) - Net Assets
Based on the latest financial reports, Guangdong Xinbao Electrical Appliances Holdings Co Ltd (002705) has net assets worth CN¥8.93 Billion CNY (≈ $1.31 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥14.93 Billion ≈ $2.18 Billion USD) and total liabilities (CN¥6.00 Billion ≈ $878.65 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Guangdong Xinbao Electrical Appliances H tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.93 Billion |
| % of Total Assets | 59.79% |
| Annual Growth Rate | 23.34% |
| 5-Year Change | 293.14% |
| 10-Year Change | 808.12% |
| Growth Volatility | 44.36 |
Guangdong Xinbao Electrical Appliances Holdings Co Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Guangdong Xinbao Electrical Appliances Holdings Co Ltd's net assets have evolved over time, based on quarterly financial data. See Guangdong Xinbao Electrical Appliances H defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Guangdong Xinbao Electrical Appliances Holdings Co Ltd (2009–2025)
The table below shows the annual net assets of Guangdong Xinbao Electrical Appliances Holdings Co Ltd from 2009 to 2025. For live valuation and market cap data, see Guangdong Xinbao Electrical Appliances H (002705) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥24.20 Billion ≈ $3.54 Billion |
+188.11% |
| 2024-12-31 | CN¥8.40 Billion ≈ $1.23 Billion |
+8.64% |
| 2023-12-31 | CN¥7.73 Billion ≈ $1.13 Billion |
+8.83% |
| 2022-12-31 | CN¥7.10 Billion ≈ $1.04 Billion |
+15.41% |
| 2021-12-31 | CN¥6.16 Billion ≈ $900.81 Million |
+0.86% |
| 2020-12-31 | CN¥6.10 Billion ≈ $893.11 Million |
+41.02% |
| 2019-12-31 | CN¥4.33 Billion ≈ $633.30 Million |
+10.48% |
| 2018-12-31 | CN¥3.92 Billion ≈ $573.22 Million |
+4.72% |
| 2017-12-31 | CN¥3.74 Billion ≈ $547.38 Million |
+40.36% |
| 2016-12-31 | CN¥2.67 Billion ≈ $389.97 Million |
+12.28% |
| 2015-12-31 | CN¥2.37 Billion ≈ $347.34 Million |
+8.74% |
| 2014-12-31 | CN¥2.18 Billion ≈ $319.42 Million |
+65.24% |
| 2013-12-31 | CN¥1.32 Billion ≈ $193.31 Million |
+11.60% |
| 2012-12-31 | CN¥1.18 Billion ≈ $173.21 Million |
+11.79% |
| 2011-12-31 | CN¥1.06 Billion ≈ $154.94 Million |
+11.68% |
| 2010-12-31 | CN¥948.09 Million ≈ $138.74 Million |
+12.30% |
| 2009-12-31 | CN¥844.21 Million ≈ $123.53 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Xinbao Electrical Appliances Holdings Co Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1563.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.67 Billion | 65.99% |
| Other Comprehensive Income | CN¥8.49 Billion | 98.85% |
| Total Equity | CN¥8.59 Billion | 100.00% |
Guangdong Xinbao Electrical Appliances Holdings Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Xinbao Electrical Appliances Holdings Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guizhou Gas Group Corporation Ltd Class A
SHG:600903
|
$1.34 Billion |
|
Allied Properties Real Estate Investment Trust
TO:AP-UN
|
$1.34 Billion |
|
National Vision Holdings Inc
NASDAQ:EYE
|
$1.34 Billion |
|
Orchid Island Capital Inc.
NYSE:ORC
|
$1.34 Billion |
|
Sinosteel Anhui Tianyuan Technology Co Ltd
SHE:002057
|
$1.34 Billion |
|
Maze Therapeutics, Inc. Common Stock
NASDAQ:MAZE
|
$1.34 Billion |
|
Atlanticus Holdings Corporation
NASDAQ:ATLC
|
$1.34 Billion |
|
Malaysia Building Society Bhd
KLSE:1171
|
$1.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Xinbao Electrical Appliances Holdings Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,256,792,727 to 8,587,081,000, a change of 330,288,273 (4.0%).
- Net income of 1,001,742,964 contributed positively to equity growth.
- Dividend payments of 507,690,116 reduced retained earnings.
- Other comprehensive income increased equity by 7,952,279,679.
- Other factors decreased equity by 8,116,044,254.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.00 Billion | +11.67% |
| Dividends Paid | CN¥507.69 Million | -5.91% |
| Other Comprehensive Income | CN¥7.95 Billion | +92.61% |
| Other Changes | CN¥-8.12 Billion | -94.51% |
| Total Change | CN¥- | 4.00% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Xinbao Electrical Appliances Holdings Co Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 8.29x to 1.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥1.36 | CN¥11.31 | x |
| 2010-12-31 | CN¥1.53 | CN¥11.31 | x |
| 2011-12-31 | CN¥1.71 | CN¥11.31 | x |
| 2012-12-31 | CN¥1.91 | CN¥11.31 | x |
| 2013-12-31 | CN¥2.14 | CN¥11.31 | x |
| 2014-12-31 | CN¥2.96 | CN¥11.31 | x |
| 2015-12-31 | CN¥3.15 | CN¥11.31 | x |
| 2016-12-31 | CN¥3.56 | CN¥11.31 | x |
| 2017-12-31 | CN¥4.68 | CN¥11.31 | x |
| 2018-12-31 | CN¥4.80 | CN¥11.31 | x |
| 2019-12-31 | CN¥5.36 | CN¥11.31 | x |
| 2020-12-31 | CN¥7.53 | CN¥11.31 | x |
| 2021-12-31 | CN¥7.38 | CN¥11.31 | x |
| 2022-12-31 | CN¥8.52 | CN¥11.31 | x |
| 2023-12-31 | CN¥9.22 | CN¥11.31 | x |
| 2024-12-31 | CN¥10.12 | CN¥11.31 | x |
| 2025-12-31 | CN¥10.64 | CN¥11.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Xinbao Electrical Appliances Holdings Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.19%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 1.82x
- Recent ROE (11.67%) is below the historical average (14.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 18.10% | 4.48% | 1.50x | 2.70x | CN¥68.29 Million |
| 2010 | 17.75% | 3.77% | 1.67x | 2.82x | CN¥73.50 Million |
| 2011 | 15.34% | 3.30% | 1.63x | 2.85x | CN¥56.58 Million |
| 2012 | 15.19% | 3.65% | 1.70x | 2.45x | CN¥61.40 Million |
| 2013 | 14.55% | 3.82% | 1.49x | 2.56x | CN¥60.10 Million |
| 2014 | 9.78% | 3.76% | 1.29x | 2.01x | CN¥-4.77 Million |
| 2015 | 12.03% | 4.49% | 1.36x | 1.97x | CN¥47.92 Million |
| 2016 | 16.22% | 6.17% | 1.29x | 2.05x | CN¥165.24 Million |
| 2017 | 10.94% | 4.96% | 1.24x | 1.78x | CN¥34.99 Million |
| 2018 | 12.88% | 5.95% | 1.18x | 1.83x | CN¥112.42 Million |
| 2019 | 15.99% | 7.53% | 1.12x | 1.90x | CN¥257.42 Million |
| 2020 | 18.53% | 8.48% | 1.06x | 2.07x | CN¥514.74 Million |
| 2021 | 13.03% | 5.31% | 1.18x | 2.08x | CN¥184.19 Million |
| 2022 | 13.78% | 7.02% | 1.06x | 1.84x | CN¥263.69 Million |
| 2023 | 12.88% | 6.67% | 1.01x | 1.90x | CN¥218.31 Million |
| 2024 | 12.75% | 6.26% | 1.08x | 1.89x | CN¥227.16 Million |
| 2025 | 11.67% | 6.19% | 1.04x | 1.82x | CN¥143.03 Million |
Industry Comparison
This section compares Guangdong Xinbao Electrical Appliances Holdings Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $5,021,386,700
- Average return on equity (ROE) among peers: 10.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Xinbao Electrical Appliances Holdings Co Ltd (002705) | CN¥8.93 Billion | 18.10% | 0.67x | $1.34 Billion |
| Midea Group Co Ltd (000333) | $33.17 Billion | 9.83% | 1.65x | $79.32 Billion |
| Changhong Meiling Co Ltd (000521) | $872.22 Million | 1.92% | 1.70x | $714.80 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $638.23 Million | 31.70% | 2.10x | $30.10 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $-806.97 Million | 0.00% | 0.00x | $3.65 Billion |
| Suncha Technology Co Ltd (001211) | $477.06 Million | 18.82% | 0.71x | $339.25 Million |
| Elec-Tech International Co Ltd (002005) | $6.45 Billion | -15.06% | 1.16x | $676.99 Million |
| Zhejiang Supor Co Ltd (002032) | $5.20 Billion | 25.51% | 0.76x | $4.81 Billion |
| Vatti Corp Ltd (002035) | $2.26 Billion | 22.53% | 0.86x | $589.18 Million |
| CNlight Co Ltd (002076) | $365.21 Million | 13.83% | 0.22x | $430.09 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.59 Billion | -7.77% | 1.20x | $327.10 Million |
About Guangdong Xinbao Electrical Appliances Holdings Co Ltd
Guangdong Xinbao Electrical Appliances Holdings Co., Ltd engages in the design, development, production, and sale of household electrical appliances in China and internationally. It offers kitchen appliances, such as kettle, breakfast set, grind and brew coffee maker, pump espresso coffee maker, toaster, stand and hand blender, air fryer, grill, toaster oven, hand mixer, and kitchen machine; home… Read more